23 Jun 2014
NZD/USD starting off on the front foot
FXStreet (Guatemala) - NZD/USD is trading at 0.8704, up 0.09% on the day, having posted a daily high at 0.8709 and low at 0.8696.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish. 0.87 is critical with being the mid point of the surge of the training that took place last week. From the calendar, the week is more about the US but we will see the trade balance figures for New Zealand towards the end of the week.
NZD/USD Levels
With spot trading at 0.8705, we can see next resistance ahead at 0.8709 (Daily High), 0.8721 (Daily Classic R1), 0.8724 (Yesterday's High), 0.8733 (Monthly High) and 0.8733 (Weekly High). Support below can be found at 0.8702 (Hourly 20 EMA), 0.8701 (Daily Open), (Daily Classic PP), 0.8696 (Daily Low) and 0.8692 (Weekly Classic PP).
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bullish. 0.87 is critical with being the mid point of the surge of the training that took place last week. From the calendar, the week is more about the US but we will see the trade balance figures for New Zealand towards the end of the week.
NZD/USD Levels
With spot trading at 0.8705, we can see next resistance ahead at 0.8709 (Daily High), 0.8721 (Daily Classic R1), 0.8724 (Yesterday's High), 0.8733 (Monthly High) and 0.8733 (Weekly High). Support below can be found at 0.8702 (Hourly 20 EMA), 0.8701 (Daily Open), (Daily Classic PP), 0.8696 (Daily Low) and 0.8692 (Weekly Classic PP).